Top 15 Study Loan Providers for International Students
Finding reliable student loans for international students can make all the difference when planning your education abroad. Many students dream of studying overseas for better opportunities and global exposure, but tuition and living costs can be overwhelming.
If personal savings or family support aren’t enough, several institutions now offer student loans that help cover tuition and related expenses for international study.
This guide outlines 15 reliable organizations that provide financial support to Nigerian and international students who want to study abroad..
1. MOD Education
A Nigerian education agency that helps students secure up to $25,000 in loans for international tuition.
Visit MOD Education
2. Asset Link Capitals
Offers education and personal loan solutions for students studying overseas.
Visit Asset Link Capitals
3. College Avenue Loan
A U.S.-based company known for flexible student loans for both undergraduate and graduate studies.
Visit College Avenue
4. Access Bank Student Loan (Nigeria)
Through its Advance for School Fees program, Access Bank supports tuition payments for local and international students.
Visit Access Bank
5. Education Loan Finance (ELFI)
Provides education loan refinancing and direct funding for U.S. and international students.
Visit ELFI
6. PenFed Credit Union
Offers personal and educational loans at competitive interest rates for qualified applicants.
Visit PenFed
7. J.G. Wentworth
A reputable U.S. provider offering personal loans that can be used for tuition and school-related expenses.
Visit J.G. Wentworth
8. LendKey
Connects students to community lenders and credit unions that provide affordable study loans.
Visit LendKey
9. Stilt Loan
Specializes in international student loans and does not require a cosigner for many applications.
Visit Stilt
10. Global Student Loan Community
An international platform that links students to loan providers around the world.
Visit GSL Community
11. MPOWER Financing
Offers loans between $2,001 and $100,000 for students studying in Canada and the U.S.
Visit MPOWER Financing
12. Lendwise (U.K.)
Provides postgraduate and professional education loans for students enrolled in U.K. universities.
Visit Lendwise
13. Nomad Credit
Helps students search, compare, and apply for study loans tailored to their school and country.
Visit Nomad Credit
14. Edfin Microfinance Bank (Nigeria)
Focuses on education-focused microloans for Nigerian students studying locally or abroad.
Visit Edfin MFB
15. Prodigy Finance
A global lender that offers borderless postgraduate student loans without requiring collateral or a cosigner.
Visit Prodigy Finance
Why Study Loans Are a Smart Option
Scholarships are competitive and limited. A study loan offers a practical alternative for students who are ready to take the next step toward their education abroad.
With flexible repayment plans and deferred payment options until after graduation, study loans can help you:
- Secure your admission faster.
- Pay tuition and related expenses on time.
- Focus on your studies without financial stress.
Before You Apply
Here are a few things to check before applying for a study loan:
- Confirm that your university is recognized by the loan provider.
- Review the interest rate and repayment schedule carefully.
- Ensure the loan covers your course and destination country.
- Prepare all required financial and academic documents before applying.
FAQs
1. Can I get a loan without a cosigner?
Yes. Some lenders like MPOWER, Prodigy Finance, and Stilt do not require a cosigner.
2. Do these loans cover living expenses?
Some lenders, including MPOWER and Prodigy, can cover both tuition and living costs.
3. Are Nigerian students eligible?
Yes. MOD Education, Access Bank, and Edfin Microfinance Bank specifically support Nigerian applicants.
4. When does repayment start?
Most lenders allow repayment after graduation, though terms vary by institution.
5. How much can I borrow?
Loan amounts differ per lender. For example, MPOWER offers up to $100,000, while MOD Education provides up to $25,000.
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